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Underwriter

3.00 to 8.00 Years   Coimbatore   19 Mar, 2024
VARITE INDIA PRIVATE LIMITED
Job LocationCoimbatore
EducationNot Mentioned
SalaryRs 5 - 12 Lakh/Yr
IndustryBanking
Functional AreaRisk / Underwriting
EmploymentTypeFull-time

Job Description

    1. Review and analyze the mortgage loan application to ensure eligibility, accuracy, completeness, and compliance with internal and regulatory guidelines to minimize risk factors.2.Review all required loan data, reports, and inspections to insure the collateral is acceptable to investor and the company.3.Knowledge of Lending & Underwriting Guidelines | Credit & Income Analysis | Cash Flow Analysis | Risk Assessment | Loan-to-Value Ratios | Debt-to-Income Ratios4.Review Initial application - Verify loan, property, borrowers information with other available documents - Verify borrowers monthly income and expenses - Verify other relevant sections. Review all the documents related to borrowers Credit, Capacity, Collateral and Capital.5.Calculate asset required for closing and reserve purpose for the transaction (as per guideline)6.Responsible for making independent decisions regarding acceptance and risk of loans according to HUD, company, and investor guidelines.7.Provides final approval underwriting of mortgage loans.8.Completes all required paperwork and forms in a timely and accurate manner; prepares required forms.9.Sign off conditions in a timely manner set by management.10.Work with staff and management to find solutions on escalated loans.11.May be requested to make recommendations for improving Internal Audits policies and practices.12.Manage loans by using all functions of Encompass.13.Effectively communicate underwriting decisions with processors and advisors14.Maintain high level of customer service and communication with other departments.15.Other duties as assigned.

Keyskills :
us mortgageresidential

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